Antibacterial Glass Market Will Reach USD 183.3 Million in 2018: Transparency Market Research
Albany, New York (PRWEB) October 01, 2013 -- Transparency Market Research published new market report “Antibacterial Glass (Silver and Others) Market for Hospitals, Food and Beverage, Military and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,” the market was valued at USD 120.0 million in 2011, and is expected to reach USD 183.3 million by 2018, growing at a CAGR of 6.3% from 2012 to 2018.
Browse the full report with Complete TOC at http://www.transparencymarketresearch.com/antibacterial-glass-market.html.
Growing number of Hospital Acquired Infections (HAIs) or nosocomial infections is expected to fuel the industry over the forecast period. Antibacterial glass provides an effective architectural solution to combat the problem of antibiotics-resistant bacteria such as MRSA (Methicillin-Resistant Staphylococcus Aureus). Increasing demand for antimicrobial coatings, especially in the healthcare sector, is also expected to drive the industry in the coming years. Using antibacterial glass on touchscreen displays of mobile phones, tablets, and phablets in order to prevent contraction of infection from germ-laden screens is estimated to serve as an attractive market opportunity. Low awareness of the benefits of antibacterial glass among consumers, and need for adherence to stringent environmental regulations during production are key restraining factors.
Silver was the most widely used active ingredient for antibacterial glass production, and accounted for 92% of the overall demand in 2012. In terms of application, hospitals are expected to remain the largest and fastest growing end-use industry for antibacterial glass, with an estimated CAGR of 6.8% from 2012 to 2018. Other key market applications include food and beverage packaging along with military and household applications.
Europe dominated the global demand, and the market in this region was valued at USD 58.7 million in 2012, on account of the presence of AGC Glass Europe. In comparison, key countries in Asia Pacific and Rest of the World (RoW) have low awareness levels regarding this product; Transparency Market Researchtherefore, these regions are expected to grow slower than the global average.
The market was highly consolidated, and the top three players accounted for over 60% of the overall demand in 2012. Key participants include AGC Glass Europe, Saint-Gobain, Nippon Sheet Glass, and BÜFA Glas GmbH & Co. KG among others.
This report studies the global market for companion diagnostics from two perspectives – companion diagnostics by indication and by geography. The market for companion diagnostics by indication includes sub-segments such as breast cancer, lung cancer, colorectal cancer, gastric cancer, melanoma and others (HIV, Thalassemia). By geography, the companion diagnostics market has been divided into four regions, namely, North America, Europe, Asia-Pacific and RoW. Market size and forecast for each segment and sub-segment has been provided for the period 2011 to 2019 in terms of USD million, with 2012 as the base year.
The compounded annual growth rate (CAGR) for each market segment has been provided for the forecast period (2013 to 2019). The report also contains a section on market overview which consists of a detailed qualitative analysis of various market dynamics, such as drivers, restraints and opportunities. A section on market attractiveness analysis and Porter’s five force analysis for the companion diagnostics market has also been included.
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Glass Tableware Market : http://www.transparencymarketresearch.com/glass-tableware-market.html
Antibacterial glass is developed in order to impart bactericidal and fungicidal properties on its surface. Technological advancements and the ready acceptance of health-improving devices are expected to be the key contributors for increasing demand for antimicrobial coatings. Additionally, the healthcare industry is a highly lucrative end-use industry for antimicrobial coatings. For the purpose of this study, we have considered antibacterial glass to include antimicrobial/antibacterial coated glass as well as antibacterial infused glass.
The report analyzes and estimates the antibacterial glass market on a global level in terms of revenue (USD Million) from 2012 to 2018. It analyzes the various factors that drive and restrain industry growth, along with their expected impact over the forecast period. The study also examines and explores potential opportunities for increasing profitability of market participants in the coming years.
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Sheela AK, Transparency Market Research, http://www.transparencymarketresearch.com, +1 518-618-1030, [email protected]
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